Quantitative Investment Management LLC Acquires Shares of 12,845 Whirlpool Corporation $WHR

Key Points

• Quantitative Investment Management LLC acquired 12,845 shares of Whirlpool Corporation, valued at approximately $1,157,000, in the first quarter.
• Whirlpool reported a Q2 earnings miss with an EPS of $1.34, falling short of the $1.54 expected by analysts, while revenue also decreased by 5.4% year-over-year.
• The company recently announced a dividend cut, declaring a quarterly dividend of $0.90 per share, which represents a significant payout ratio of -264.15%.

Quantitative Investment Management LLC acquired a new stake in Whirlpool Corporation (NYSE:WHR - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,845 shares of the company's stock, valued at approximately $1,157,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. increased its holdings in shares of Whirlpool by 120.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. Cheviot Value Management LLC acquired a new position in shares of Whirlpool in the first quarter valued at about $36,000. UMB Bank n.a. grew its stake in shares of Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after acquiring an additional 129 shares in the last quarter. Anderson Financial Strategies LLC acquired a new position in shares of Whirlpool in the fourth quarter valued at about $54,000. Finally, Manitou Investment Management Ltd. acquired a new position in shares of Whirlpool in the first quarter valued at about $50,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research note on Monday, June 30th. Bank of America reiterated an "underperform" rating and set a $70.00 price objective (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Loop Capital reiterated a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a research note on Monday, August 4th. Finally, Wall Street Zen downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $98.83.

Whirlpool Stock Up 6.2%

WHR stock opened at $93.6580 on Monday. The stock has a market capitalization of $5.23 billion, a P/E ratio of -35.34 and a beta of 1.17. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49. The firm has a 50-day moving average price of $94.55 and a 200-day moving average price of $89.92.

Whirlpool (NYSE:WHR - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The firm's revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, equities research analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.8%. Whirlpool's dividend payout ratio is presently -264.15%.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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